Word: indexers
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...These figures, for students living on campus, include tuition, books and supplies, housing, transportation and incidentals, and climax a decade in which the rates for higher education have more than doubled. The really bad news is that they are currently rising at twice the 1985 inflation index...
...relentless rally was not limited to the blue-chip stocks of the Dow. The Investor's Daily index of more than 5,200 stocks traded on the New York and American exchanges and over the counter had risen almost 33% in 1985 by the end of last week. From such familiar favorites as General Electric and American Express to small, obscure companies like California-based IntelliCorp, which is developing artificial-intelligence programs for computers, the large majority of share prices went up. If investors picked stocks by throwing darts at the Wall Street Journal listings, they stood an excellent chance...
...Unitas still marvels at the diving catches Berry insisted on rehearsing without much concern for the skin on his elbows and knees. When no passer was handy, Berry's habit was to run phantom patterns over and over, pausing now and then to consult the file of index cards he kept with him on the sidelines in a cigar...
...allow low interest rates to work their magic because inflation remains only a distant threat. In fact, the Labor Department announced last week that wholesale prices actually deflated in February, falling by 1.6% from January, the biggest one-month drop since record keeping began in 1947. The Consumer Price Index, which peaked at a raging 13.3% in 1979, increased only 3.8% last year. Moreover, the expected increase in U.S. economic activity, which ordinarily might send wages and prices sharply higher, is unlikely to do so this time, because factories have plenty of spare capacity and the labor force still contains...
Maybe it makes perfect sense that Steve Wynn would turn into the Mister Rogers of Las Vegas, Nevada. Sitting in his new hotel in a red V-neck sweater and gray wool pants, Wynn, 63-famous for yelling at employees, taking up steer roping and accidentally shooting off his index finger in his office-is talking about building neighborhoods in his latest land of make-believe. Explaining that his hotel will be a mellow retreat, without the glitz and campy themes that have made him such a sensation in the past, Wynn breaks into a rendition of Bali...